Global Medical Tubing Market Research Report Analysis, Growth and Forecast by 2027 | Zeus Industrial Products, Inc., Saint-Gobain, Freudenberg Medical, Avient Corporation, etc.

The surge in demand for medical tubing across diverse applications, strict regulations and sustainability mandates, and rising concerns about healthcare will drive the growth of the market. Nevertheless, the increased collaborations and joint ventures between different companies in the medical device sector are anticipated to expand the global reach of the medical tubing market.

The global medical tubing market is anticipated to witness growth from USD 4.76 billion in 2021 to USD 8.35 billion by 2027, registering a CAGR of 10.2% during the forecast period 2021-2027.

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The rise in cardiac catheterization, particularly in interventional cardiology, is a key trend driving sales in the medical tubing market. The rising prevalence of congenital heart defects is a key trend that is boosting market prospects. The, increasing geriatric population, mounting demand for minimally invasive surgeries, growing awareness regarding hospital-acquired diseases along with rising concern about the spread of such infections will drive the demand for disposable medical devices.

The COVID-19 outbreak has seen an increase in the usage of medical devices. The need for respiratory tubes, drug delivery tubes, IV tubes, etc. has increased, resulting in the growth of the medical tubing market.

Based on material, the global medical tubing market is segmented into plastics, rubbers, and specialty polymers. Specialty polymers are anticipated to be the fastest-growing segment as it is the bioabsorbable polymer and are increasingly replacing commodity plastics due to their high performance.

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Market Segmentation

By Material
By Structure
By Application

Europe is anticipated to be the significant growth during the forecast owing to the rising demand for minimally invasive and diagnostic equipment that use medical tubes will accelerate the growth of the market.

The rising adoption of robotic surgeries and robotic-assisted surgeries will lead to less pain with endoscopic techniques led to growth in the medical tubing market in the region.

Some of the major players in the global Medical Tubing market include Zeus Industrial Products, Inc., Saint-Gobain, Freudenberg Medical, Avient Corporation, RAUMEDIC AG, The Lubrizol Corporation, Elkem ASA, Nordson Corporation, Optinova, and Teknor Apex.

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